Runaway Federal Debt Means Our Money Is Worth Less

From 1954 through 2012, the federal government shelled out a total of almost $72 trillion on all spending, combined. Over the same period, it collected revenues of under $56 trillion from all sources. The $16 trillion difference is today's federal debt. But this simple math hides the fact that the dollar in your pocket today doesn't buy what the dollar in your grandfather's pocket bought years ...

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